Libertea Party
Member
- Joined
- Jul 19, 2010
- Messages
- 886
Grilled Yellen watch:
So when the housing bubble was brought up recently by Rand Paul I recalled the Federal Reserve's dirty laundry during the build up to the bubble. And look at what the next Federal Reserve Chairperson had to say when it counted:
And even Ms. Yellen did not believe that the problems in the housing market would have broader consequences. “Of course, housing is a relatively small sector of the economy, and its decline should be self-correcting,” she said.
Ms. Yellen said: “It’s fitting for Chairman Greenspan to leave office with the economy in such solid shape. The situation you’re handing off to your successor is a lot like a tennis racquet with a gigantic sweet spot.”
There is probably a ton of this stuff out there. Feel free to post anymore here. Hopefully Rand and his staff have got a treasure trove of this stuff for the hearings.
So when the housing bubble was brought up recently by Rand Paul I recalled the Federal Reserve's dirty laundry during the build up to the bubble. And look at what the next Federal Reserve Chairperson had to say when it counted:
And even Ms. Yellen did not believe that the problems in the housing market would have broader consequences. “Of course, housing is a relatively small sector of the economy, and its decline should be self-correcting,” she said.
Ms. Yellen said: “It’s fitting for Chairman Greenspan to leave office with the economy in such solid shape. The situation you’re handing off to your successor is a lot like a tennis racquet with a gigantic sweet spot.”
There is probably a ton of this stuff out there. Feel free to post anymore here. Hopefully Rand and his staff have got a treasure trove of this stuff for the hearings.
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